URL details: ergodicityeconomics.com/2019/05/16/ergodicity-jail-and-time-scales/
URL title:
Ergodicity, jail, and time scales – Ergodicity Economics
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When statistical things go wrong, it's often because someone unknowingly assumed ergodicity where that wasn't ok. This can have dramatic effects in everyday language: I will use the example of incarceration rates. I will then present a visual illustration to discuss the role of time scales. David and Luigi in jail I'll tell you a…
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